‘Turning point’ as IEA sees fossil fuels peaking for the first time

Euractiv | Oct 27, 2022 at 5:22 PM
  • Russia’s war in Ukraine has triggered an acceleration in the green transition.
  • Under existing policies, governments across the world are expected to invest $2 trillion in clean energy technologies by 2030, the IEA calculated – which represents a 50% increase on the $1.3 trillion invested so far.
  • Clean energy campaigners hailed the report as a major turning point for the IEA, whose annual energy outlooks used to paint a rosy picture for oil and gas demand.